Raytheon Technologies Corp (RTX)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,578,000 | 6,682,000 | 6,011,000 | 5,607,000 | 6,587,000 | 5,456,000 | 5,391,000 | 5,893,000 | 6,220,000 | 5,381,000 | 4,767,000 | 6,040,000 | 7,832,000 | 7,476,000 | 8,051,000 | 8,579,000 | 8,802,000 | 10,001,000 | 6,975,000 | 6,025,000 |
| Short-term investments | US$ in thousands | 786,000 | 746,000 | 714,000 | 705,000 | 745,000 | 737,000 | 719,000 | 703,000 | 774,000 | 740,000 | 788,000 | 857,000 | 965,000 | 965,000 | 71,000 | 879,000 | 881,000 | — | — | 1,976,000 |
| Total current liabilities | US$ in thousands | 51,499,000 | 52,247,000 | 49,565,000 | 45,019,000 | 46,761,000 | 45,002,000 | 41,760,000 | 40,128,000 | 39,114,000 | 38,373,000 | 37,788,000 | 35,057,000 | 35,449,000 | 34,131,000 | 34,794,000 | 36,359,000 | 35,848,000 | 35,562,000 | 35,291,000 | 31,502,000 |
| Cash ratio | 0.12 | 0.14 | 0.14 | 0.14 | 0.16 | 0.14 | 0.15 | 0.16 | 0.18 | 0.16 | 0.15 | 0.20 | 0.25 | 0.25 | 0.23 | 0.26 | 0.27 | 0.28 | 0.20 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,578,000K
+ $786,000K)
÷ $51,499,000K
= 0.12
The cash ratio of Raytheon Technologies Corp indicates the proportion of cash and cash equivalents the company holds relative to its current liabilities. Over the past few years, the cash ratio has fluctuated between 0.12 and 0.28. The cash ratio trend shows a slight decrease from 2020 to 2024, with the current ratio standing at 0.12 as of December 31, 2024. This may suggest a tightening liquidity position for the company, where a smaller portion of its current liabilities could be covered by its cash on hand. It is advisable for Raytheon Technologies Corp to closely monitor its liquidity position and ensure it maintains an appropriate level of cash reserves to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024